Selling Your House – Be Clear on the Goal
Just like any good business operation you need a plan and to set some goals. And selling your house is no different. Because if you go into the whole selling process with your seller’s eyes wide open, you’ll be able to see very clearly where you’re going, and what it’s going to take to get you there.

Goal setting is important even when selling property
Time and time again home sellers fail to ask themselves; “What’s the number one thing I need to get from the sale of my property?”
You’ve probably got a few selling goals in mind even if you’ve never spoken about it out loud. For most of us the final sale price usually ranks right up there. As a property investor myself, I have 2 main goals. First for me is a good (albeit realistic) sale price. The second goal I set for myself is a speedy sale. After all, who wants to live in a show home for days, weeks, or even months on end?
Two of my favourite real estate experts, the US mother/daughter real estate team, Donna and Shannon Freeman, suggested this list of common home seller’s goals in their book ‘Seven Steps to Sold’ that I believe are completely relevant no matter where in the world you live;
- Make the most money (I’m inclined to call this one ‘getting what you think it’s worth’)
- Sell quickly
- Time the sale (for a concurrent settlement)
- A smooth real estate transaction
- Finding the right buyer
- Put the best product on the market
In this first post in a series, we’ll look closer at goal #1.
Let’s start with a real life example of making price the #1 selling goal. There’s a home I know of just around the corner from my own, where the owners have based their selling strategy on making the most money. As someone who likes to keep a watchful eye on my local real estate market, I know that similar homes in the area are selling at a whopping $125,000 less than this property’s original asking price.

Is the final selling price all that matters?
Since that time, the home owners have been forced, not only to lower their price by $45,000, but they’ve also had to do what in the beginning, they didn’t want to do – put what they called the dreaded ‘for sale’ sign on the front lawn. A third marketing tactic has been added to the mix now too, the ‘open for inspection’.
It’s a classic mistake. Home owners who based their asking price on what they feel they deserve get, instead of what’s going on in the current market.
So what’s the real price paid for such a lofty, ‘must get top dollar’ ambition?
- Well, so far, 7 months have passed since the home was first listed on the market and along with that went the chance of a speedy sale. There still isn’t a lot of interest in the property, despite the big price adjustment. It this boils down to the fact that the last 7 months have been a complete waste of time for everyone concerned.
- The property has inherited a stigma. House hunters often ask how long a property has been on the market. When it’s been on for a long time, they naturally begin to wonder what’s wrong with it.
- The owners have had to carry all the holding costs associated with this home. Because the owners bought when the property market was more buoyant, the size of their mortgage is likely to reflect that.
- They’ve had to put any future real estate plans on indefinite hold.
- These owners have been living in a ‘show home’ for seven, long months.
- But here’s another risk that these sellers haven’t considered. As Designed To Sell’s Donna Freeman says, you should be praying that the Beverly Hillbillies come down of the mountain ready to blindly offer you well above market value. That’s because, they’re about the only ones who will have enough cash on hand, to avoid having to take out a mortgage.
So what’s the problem with that you ask? Well, their lender is going to have their investment valued, and you can bet your house on the fact it will be lower than your contracted sale price. From there, it’s pretty much all downhill, and you’ll have to start the process all over again.
Moral of the story; think very hard about having price as your number one goal, you may end up paying a price you hadn’t budgeted for.
Home Staging Fees – 5 Cost Myths…Busted
From what I’ve been reading and hearing of late about home staging (mostly called Property Styling here on the Australian real estate scene), it seems there are still some ‘old wives tales’ swirling about regarding how much staging your home for the market really costs.
Chances are you’ve heard many of these phrases (or something similar) yourself. Perhaps you’ve even used them with some of your own clients.
For instance, a phrase that really gets up my nose is this one: “In our local market, it’s the price that sells, so staging isn’t worth the money.”
And that’s just one. Let’s now take a closer look at it, and a four other myths, surrounding the cost of home staging, that I think are worth busting.
1. “Home staging/property styling is just too expensive for an average home owner like me.”
The truth is that most of the people who use a home staging/property styling service are actually average home owners, with average size and priced homes. Canadian based home stager Debra Gould, from Six Elements says that home staging is perfect for the home owner who wouldn’t normally hire an interior designer. This is absolutely true; both in terms of cost and the decorating results you can expect. While hiring a professional stager usually does require paying a fee upfront for a basic, in home consultation, that fee can be as low as $150 – $250 depending on where you live. The reason? Because professional stagers/stylists make it a priority to help you keep your presentation costs down, so you’re able to preserve your equity.
2. “Staging just means having to pay for a house full of rental furniture or buying all new stuff.”
It really doesn’t. A home stager is happy to help you in using the furnishings you already own. It’s the perfect way to save money on getting your house effectively ready for an upcoming marketing campaign. Most home owners have what’s needed to stage their homes, so hiring in extra pieces isn’t needed. If you find yourself needing to replace some missing pieces, renting is one way of doing it, but if your budget won’t stretch that far, consider borrowing from family or friends, or even buying a few second hand items. On the other hand, if you’d rather buy new, do that, but only if you can make use of those pieces in your new place. But if your ‘for sale’ property is totally vacant, then hiring furniture to make it feel more inviting for your buyers, is way more cost effective than buying what you need new. It is totally possible to hire furniture in for as little as one month.
3. ”I’ve been told that when it comes to selling property – price is all the buyers really care about, so spending any money on staging is useless.”
You’ll remember that I mentioned this little gem in my introduction. Basing your home’s selling strategy on price alone seems risky to me. It’s next to impossible to separate what you’re paying for, from what you’ll be getting for the money. Look, I’ve bought property before and I’ve inspected a few homes priced below market value in the hopes of using the price, to snag a sale. The tactic still didn’t work. I can tell you, that price wasn’t the most appealing factor at all. So what was? Three words; value for money. All I could see, was reason to shield my wallet from all the shortcomings this property obviuosly had. In the end, I walked away, despite the price. I think Gary Keller, author of the book ‘Shift: How Top Real Estate Agents Tackle Tough Times.‘ nails it with these words;
“Whenever we say price is the number one issue in getting a home sold, what we’re really saying is that its price must match its condition. Price and condition are irrevocably intertwined. Priced right means priced right for what you get and overpriced means overpriced for what you get….Staging a home means showing off what you get in that home in the best possible way, so the seller gets the best possible price.”
4. “It’s best just to get the cheapest consultant I can find.”
Ever bought something -anything, based on price? It almost always comes back to bite you, sooner rather than later. Like anything else home stagers are the same. If you’ve asked for a quote from a local home stager because their work really impressed you, that says an awful lot right there. Ok, so the fee may not be the cheapest on the block. But think of it this way; you were impressed by what you saw. And that’s exactly the same effect you want for your buyers when they come through. Yes, there’s a cost involved, but there’s also (an obvious) value for money here.
5. “Why not just stage it myself and save money?”
Of course you can do it this way. But then, just consider for a moment if this is the best use of your time. Because chances are, it’s going to take you longer. As the home owner you will find it harder to look at your home with a truly unbiased eye. The kind of eye home buyers use. As home owners I think we’re all guilty of not seeing things around the house now, that once bugged the living daylights out of us. Naturally, home buyers don’t miss these things. That said, calling in a stager to give you a proper starting point and some direction, can only be money well spent.
Any thoughts? Do you have any questions about the cost of staging that I haven’t covered?
Do You Make Any Of These 5 Real Estate Photo Blunders?
Statistics show that as many as 80% of house hunters now start their search for a new home on the internet.
The bottom line is, that taking the right marketing photos in order to maximise buyer interest and invite them to want to see more of your online listings, is an essential element of any real estate marketing plan.
The good news? You don’t have to be a professional photographer to take a good marketing photo that will get the right kind of buyer attention.
Check your marketing photos now, to make sure that you (or someone you know) haven’t fallen victim to any of these 5 marketing photo blunders.
Never forget, that a picture tells (buyers) a thousand words!

1. Too much to look at: In the photo at left there’s just too much to look at. As a house hunter you wouldn’t know where to start. Although the photo isn’t entirely to blame (poor staging is also an issue), this photo demands the eye dart around the room. Accessorise your photos a little – yes; clutter them up – no.

2. People and pets in photos: These are 2 things that should NEVER be seen in any marketing photo. Same goes for pet paraphernalia e.g. dog bowls, litter boxes, dog kennels. I once saw a marketing photo with food in a frying pan as it was being cooked on the stove. Too much information.

3. Photos of a bed, bath or sink or tables: Buyers want to see the overall space, not just one part of the room. The photo of the pool table at right would be perfect if it were being listed for sale on ebay - with a free protective cover. In fact, I think that’s what I’ll call photos of this ilk; ‘the ebay effect’. One exception to this rule: some architectural features are worth getting as a close up. Just don’t get so close that no-one can make out exactly what they are looking at.

4. Unflattering camera angles: Everyone has their ‘good’ side and the same is true of the ‘for sale’ property. I’d strongly suggest to you that if the camera angle, or maybe even the room itself, doesn’t send out a positive message to prospective buyers, ditch the photo altogether. Experiment with a couple of different angles and select the best 9most flattering) one. The magic of the digital camera is the ‘delete’ button.

5. Out of focus, poorly lit images, or ‘hot spots’: You know those photos where you can see the flash of the camera in a mirror or window? That’s called a hot spot. The trick is not to directly face the reflective surface, if that fails you, turn your flash off.
Want some more help with taking the right marketing or portfolio shots? I highly recommend ‘How to Photograph Interiors When You Barely Know How to Work a Camera’ by Barbara Lane. It’s the perfect resource for anyone who needs or wants to take the best possible interior photographs, but isn’t a professional photographer. Ms Lane is a professional photographer who’s willing and able to hold your hand through the whole process and gives home stagers a few new ideas on how to use them.
Donna Ross
Great Impressions Real Estate Staging & Consulting
For home owners between Sydney & Newcastle
Add Style
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7. Kitchen appliances should not only work well, but look good. I remember the time I inspected a family home that didn’t have a working stove or oven. That meant an immediate deduction off the home’s asking price because in a family home, it’s an essential to daily family life










4. What are your immediate needs and what would a buyer expect to see in this space? 

gents to assist them.
Find out how simple it is to get some Law and Order with easy and practical storage ideas: A key part of getting ready to sell is paring down your stuff. It helps buyers see more of the house itself, and even creates space you may have forgotten you had. Home stagers know where to draw the line on decluttering and robbing the house of character and warmth.
rooms are climbing up the ladder in terms of important rooms in the ‘for sale’ property. This is where the person/s that pays the mortgage will retreat to at the end of each day, so it pays to give it the care and attention it deserves. The space doesn’t have to be large, but it does have to be deserving of the status of ‘master’ bedroom.